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An update from Lsi Industries ( (LYTS) ) is now available.
On January 23, 2025, LSI Industries reported substantial year-over-year growth in sales and profitability for its fiscal second quarter, ending December 31, 2024. The company’s net sales increased by 36% to $147.7 million, with organic growth at 14%, driven by strong demand and contributions from the EMI acquisition. The Display Solutions segment saw remarkable growth with a 50% increase in organic sales, particularly in refueling and c-store markets. Despite a 10% decline in the Lighting segment sales due to the absence of large projects, the company remains optimistic about future growth, backed by a strong backlog and robust demand across key markets. LSI declared a regular cash dividend, reflecting confidence in sustained cash generation and operational success.
More about Lsi Industries
LSI Industries Inc. is a leading U.S.-based manufacturer specializing in commercial lighting and display solutions. The company focuses on various vertical markets, including refueling, convenience stores, and grocery sectors.
YTD Price Performance: 1.81%
Average Trading Volume: 116,646
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $588.4M
For a thorough assessment of LYTS stock, go to TipRanks’ Stock Analysis page.
